Genpact (G) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of $5.08 billion in 2025, up 6.6% year-over-year, driven by strong execution, innovation, and growth in Advanced Technology Solutions and Data-Tech-AI segments.

• Advanced Technology Solutions (ATS) revenue grew 17% to $1.204 billion, now 24% of total revenue.

• Diluted EPS for 2025 was $3.13, up 9.8% year-over-year; adjusted diluted EPS was $3.65, up 11.3%.

• Closed over $5.5 billion in new bookings, with ATS accounting for more than a third.

• Partner-related revenue grew nearly 50% year-over-year, reflecting strong ecosystem collaboration.

Financial highlights

• Q4 revenue increased 5.6% to $1.319 billion; ATS revenue up 15% to $323 million.

• Q4 gross margin expanded 90 bps to 36.6%; adjusted operating income margin at 17.6%.

• Full-year adjusted operating income grew 9.1% to $888 million; net income reached $552 million, with a margin of 10.9%.

• Cash generated from operations was $813 million, including $170 million in client prepayments.

• Dividend payments totaled $118 million in 2025.

Outlook and guidance

• 2026 revenue growth expected at least 7% year-over-year, with ATS projected to grow in the high teens.

• Gross margin for 2026 expected at approximately 36.5%; adjusted operating income margin to rise to 17.7%.

• Adjusted diluted EPS for 2026 expected to grow approximately 10% to $4.01.

• Q1 2026 revenue guidance: $1.282–$1.294 billion (6% growth at midpoint); ATS to accelerate to high teens growth.

• Board approved a 10% increase in quarterly dividend to $0.1875.